Thursday, 16 May 2013 16:53
AG Koster seeks GPS tracking for ex-Mamtek CEO
JEFFERSON CITY, Mo. (AP) - Missouri prosecutors want a judge to let them keep closer tabs on the former head of a failed artificial sweetener plant in Moberly.
Attorney General Chris Koster's office said Thursday it has filed a motion in St. Charles County Circuit Court seeking to monitor ex-Mamtek CEO Bruce Cole with a wearable GPS device.
Cole is under house arrest in his home state of California awaiting a Missouri trial on felony fraud and forgery charges. His bond was reduced from $500,000 to $100,000 in March.
The Mamtek project was financed with $39 million in bonds issued by the city of Moberly's Industrial Development Authority. The project collapsed after Cole's company missed a bond payment in August 2011.
A hearing is scheduled Monday on a change of venue from Randolph County.
Published in
Local News
Tuesday, 26 March 2013 14:15
Mamtek CEO released after posting bail
MOBERLY, Mo. (AP) - The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges.
Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.
Moberly had issued $39 million in industrial development bonds to help finance the construction of the facility. Among other things, Cole is accused of diverting bond revenues to avoid foreclosure on a home in Beverly Hills, Calif.
He had been held on $500,000 bond until a judge reduced the amount last week.
Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.
Moberly had issued $39 million in industrial development bonds to help finance the construction of the facility. Among other things, Cole is accused of diverting bond revenues to avoid foreclosure on a home in Beverly Hills, Calif.
He had been held on $500,000 bond until a judge reduced the amount last week.
Published in
Local News
Tuesday, 26 March 2013 10:42
Former CEO of Mamtek released from Missouri jail
MOBERLY, Mo. (AP) - The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges.
Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.
Moberly had issued $39 million in industrial development bonds to help finance the construction of the facility. Among other things, Cole is accused of diverting bond revenues to avoid foreclosure on a home in Beverly Hills, Calif.
He had been held on $500,000 bond until a judge reduced the amount last week.
Officials at the Randolph County jail say Bruce Cole was released Monday. He faces one theft charge and four counts of securities fraud stemming from the financial collapse of a Mamtek U.S. facility in Moberly in 2011.
Moberly had issued $39 million in industrial development bonds to help finance the construction of the facility. Among other things, Cole is accused of diverting bond revenues to avoid foreclosure on a home in Beverly Hills, Calif.
He had been held on $500,000 bond until a judge reduced the amount last week.
Published in
Local News
Latest News
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
Larry Conners no longer with KMOV
Long-time KMOV reporter and anchor Larry Conners is no longer with the station. KMOV President Mark Pimentel issued the following statement: "We regret to announce that Larry Co...
Roads closed in advance of Senior PGA Championship
Some roads are already closed in Town & Country as Bellerieve Country Club as preparations continue for the Senior PGA Championship. From 6AM until 8PM through Sunday, Ladue R...
Man runs from traffic stop, into police headquarters
A St. Louis man redefined the phrase, out of the frying pan and into the fire. Clayton police were conducting a traffic stop when the suspect jumped out of his car and started run...
Police investigating reports of illegal taping at Illin…
BELLEVILLE, Ill. -- AP —Police in Belleville say they’re investigating reports that female students at a Catholic high school secretly were videotaped by one of the school’s sports...
Priya, the elephant calf, makes public debut
Visitors to the St. Louis Zoo got their first look at the newest resident of the elephant exhibit. Priya, the Asian Elephant calf, made her debut today. A zoo spokesperson says th...
Gov. Nixon considering expansion to adoption benefits
JEFFERSON CITY, Mo. (AP) - Missouri Gov. Jay Nixon is weighing whether to sign legislation that would allow children's non-related legal guardians to receive adoption subsidies. C...
Missouri's infrastructure gets a "C-"
KANSAS CITY, Mo. (AP) - Civil engineers say Missouri's infrastructure gets only a C-minus. The regional chapters of the American Society of Civil Engineers released the letter gra...
Missouri unemployment benefits forced by federal rules
JEFFERSON CITY, Mo. (AP) - Legislation awaiting action by Gov. Jay Nixon seeks to comply with federal mandates for Missouri's unemployment benefits system. The measure also could ...
